Astron Multigrain Ltd

Astron Multigrain Ltd: Trading Window Closure from October 01, 2026 till 48 hours after the declaration of Financial Results for the half-year ending September 30, 2026

AGM Details

• Date/time/mode: 25 Sep 2026, 11:30 A.M., via VC/OAVM.
• Record date for voting: 18 Sep 2026.
• Remote e-voting window: 21–24 Sep 2026.
• VC attendees: promoters 4, public 6.
• Meeting ended: 12:07 P.M.

Key resolutions and outcomes

• Res 1: Adopt standalone financials for FY2026; Passed.
• Res 2: Re-appoint Mrs. Poonam Jenish Khoont as director; Passed.
• Res 3: Appoint Babubhai Patel & Associates as statutory auditors for five years; Passed.
• Res 4: Fill casual vacancy with Babubhai Patel & Associates; Passed.
• Res 5: Borrowing limits up to Rs 100 Crore; Passed.
• Res 6: Creation of charges up to Rs 100 Crore; Passed.
• Res 7: Loans/guarantees under Section 185 up to Rs 100 Crore; Passed.
• Res 8: Loans/investments under Section 186 up to Rs 100 Crore; Passed.
• Res 9: Remuneration of Chairman & MD; Promoter interest disclosed; Passed.

Auditors

• Statutory auditor appointed for five-year term.
• Casual vacancy filled by Babubhai Patel & Associates.

Related party & remuneration

• Promoter group disclosed as interested for Remuneration resolution; not treated as material RPT.
• Remuneration resolution approved for Chairman & MD.

Dividend and other notes

• Dividend not proposed or declared.
• All resolutions passed with requisite majorities.

AGM Details

• 8th AGM held on 25 September 2026 at 11:30 a.m. via VC/OAVM.

Resolutions proposed

• Ordinary: Adopt audited standalone financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint director retiring by rotation.
• Ordinary: Appoint statutory auditors for five-year term; remuneration to be fixed by the Board.
• Ordinary: Appoint auditors to fill casual vacancy due to resignation.
• Special: Borrowing limits under Section 180(1)(c) up to Rs. 100 Crore.
• Special: Creation of charges on movable and immovable assets up to Rs. 100 Crore.
• Special: Loans/guarantees/security under Section 185 up to Rs. 100 Crore.
• Special: Loans/guarantees/investments under Section 186 up to Rs. 100 Crore.
• Special: Fix remuneration of the Chairman & MD from 1 April 2026 for remainder of term.

Voting status

• Voting results to be disseminated; no outcomes provided in this filing.

Financial performance

• Total income for FY2025-26: 4,859.98 Lakhs.
• Revenue from operations: 4,840.34 Lakhs; other income: 19.64 Lakhs.
• PAT: 345.00 Lakhs; EPS: 5.51.
• Net worth rose to 2,709.15 Lakhs.
• YoY: revenue up 43.3%; PAT up 48.7%.
• Total expenses: 4,398.70 Lakhs; cost of materials: 3,922.95 Lakhs.
• Profit before tax: 461.28 Lakhs; tax expense: 116.28 Lakhs.
• Dividend for FY2025-26: not declared.

IPO, capital structure & financing

• IPO raised 18.40 Crore; 29.20 lakh shares issued.
• Fresh issue: 23.40 lakh; promoter sale: 5.80 lakh.
• Listed on BSE SME on 8 December 2025.
• Paid-up capital increased to 86.00 Lakhs (8,60,000 shares).
• Authorised capital stands at Rs 9 Crore.
• IPO proceeds utilised: Rs 15.30 Crore; unutilised: Rs 3.10 Crore.

Operations and capacity

• Installed capacity 5,110 MTPA; planned expansion to 6,910 MTPA.
• Manufacturing unit at Chordi, Gondal, Rajkot, Gujarat.
• Certifications: ISO 22000:2018 and HACCP; FSSAI licence.
• Product lines: Astron's Swagy noodles and papad.
• Major markets: Gujarat, MP, Maharashtra, Bihar; no exports yet.

Governance and management changes

• CFO Hardik Gondaliya appointed July 21, 2025.
• Independent Director Siddharth Gajra appointed Aug 1, 2025.
• Shivani Garg appointed Company Secretary Aug 1, 2025.
• Audit Committee constituted Aug 25, 2025; Chairman Siddharth Gajra.
• MD remuneration proposed up to Rs 2.0 Lakh/month from Apr 1, 2026.
• Piyush Kothari & Associates resigned Sep 1, 2026; Babubhai Patel appointed Sep 2, 2026.

Dividends, reserves & CSR

• Dividend for FY2025-26 not declared.
• No transfers to reserves; profits carried to balance sheet.
• CSR not applicable; company not meeting CSR criteria.

Risk, outlook & MD&A themes

• Outlook supported by capacity expansion and broader distribution.
• Key risks: raw material price volatility, competition, regulatory changes, and supply chain.
• PLI incentives in food processing supportive for capacity build.

Demat/Remat status

• No dematerialisation or rematerialisation requests were received during the period.
• No physical certificates were mutilated or cancelled; no substitution of the depository as registered owner occurred within the prescribed timeline.

Meeting Details

• Board meeting scheduled for Saturday, 30 May 2026.

Key Agenda Items

• Approve audited financial results for half year and financial year ended 31 March 2026.
• Take note of the auditors’ report on those audited results.

Other Notes

• No additional material governance or financial actions were disclosed.